Is Dash a Good Investment?

tl;drDash is an instant and semi-private cryptocurrency based off the Bitcoin and Litecoin code base. However, it includes various changes and improvements that have differentiated it since its debut in 2014. The project’s creator, Evan Duffield, built Dash to address three key issues he saw in the existing Bitcoin network: privacy, governance, and transaction speed. Over the past four years, Dash has risen to become one of the top global cryptocurrencies, with its market cap consistently placing in the top twenty cryptocurrencies despite a highly competitive market. The main goal of Dash is to make digital cash more usable. Currently, you can send Bitcoin for online transactions and value transfers. However, the wait time for transaction confirmation on the Bitcoin blockchain makes it infeasible to use Bitcoin for in-store transactions or other value transfers that require near-instant confirmation. Bitcoin’s high fees also make it a poor choice for smaller transactions, limiting its general usefulness as a digital currency for purchasing goods and services. As we’ll see, Dash seeks to solve these issues with its innovative architecture. Dash’s innovation was a two-tiered structure to its blockchain. The first tier is familiar to anyone who has studied Bitcoin, Bitcoin Cash, Litecoin, and other standard proof of work cryptocurrencies. On Dash, miners are responsible for creating new blocks and securing the blockchain. In exchange for mining blocks, miners on Dash receive 45 per cent of the block reward. This is in contrast to Bitcoin, where miners receive 100 percent of the block reward. The remaining 55 percent of the block reward is allocated elsewhere, as we’ll see shortly.
Is Dash a Good Investment?
Is Dash a Good Investment?
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Introduction

DASH was Launched in 2014, the cryptocurrency Dash was originally known as Xcoin. After being rebranded as Darkcoin, it landed on its current name, Dash, in March 2015. When it was initially created, it was designed to ensure user privacy and anonymity. Dash aims to become a medium for daily transactions, and it has cast a wide net to realize that ambition. In 2018, the digital cash company expanded into Venezuela, the cryptocurrency's first foray into an economically distressed country.

Demand for cryptocurrency—and the number of Dash users—has rapidly increased since the virtual currency was first introduced three years ago. The reason for this is the need for a transactional currency; Venezuela is currently experiencing a period of significant civil unrest and hyperinflation to such a degree that the local currency (Boliva) has been essentially rendered valueless.

How Does Dash Work?

Dash’s innovation was a two-tiered structure to its blockchain. The first tier is familiar to anyone who has studied Bitcoin, Bitcoin Cash, Litecoin, and other standard proof of work cryptocurrencies. On Dash, miners are responsible for creating new blocks and securing the blockchain. In exchange for mining blocks, miners on Dash receive 45 percent of the block reward. This is in contrast to Bitcoin, where miners receive 100 percent of the block reward. The remaining 55 percent of the block reward is allocated elsewhere, as we’ll see shortly.

Dash has an average 2.5 minute block time, four times faster than Bitcoin. For the mining, the development team created a proprietary hashing algorithm known as X11 that requires sequential, repeated hashing. The X11 algorithm has been shown to use 30% less wattage than Litecoin’s Scrypt algorithm.

Financial Analysis

DASH had a fairly uneventful first couple of years price-wise. It wasn’t until the start of 2017 that the DASH price took off, blasting from around $10 (~0.0105 BTC) to reach an all-time bitcoin high of ~0.1083 BTC (or $110). That equates to a 1000 percent increase in USD and over 900 percent rise in BTC – within just three months. 

This extreme price swing was most likely caused by a couple of factors. Arguably the most impactful cause was the announcement of a release date for the first steps of Evolution.

The Dash price today is $164.41 USD with a 24-hour trading volume of $228.91M USD. Dash (DASH) is up 4.42% in the last 24 hours.

The quick snapshot of ROI in the year 2020 till today is 139% and Dash underperformed in 'Cryptocurrency, Masternodes' categories which had 1218% growth over the past year.

 Dash underperformed in the crypto market which had 3542% growth over the past year, you can read more here.

The dash`s Popularity shows that TWITTER has a nfinity% Growth Rate so it is perfect for Dash`s marketing system, but Telegram with a 2% Growth Rate and Reddit with a 7% Growth Rate is not as perfect as TWITTER! If you want to learn more about the chart you can read here.

The Market Cap has descending trend, but the chart has a 71% Liquidity Score at all, you can read more here.

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